If you need assistance, please call 317-590-2901

Demand for Home-Purchase Loans Hits 3-Year High

Thursday, May 9, 2013   /   by Carlos J Higareda

Demand for Home-Purchase Loans Hits 3-Year High



   

Mortgage applications were on the rise last week, with applications for home purchases viewed as a leading indicator of future home sales moving up to their highest level since May 2010, the Mortgage Bankers Association reported. 


Mortgage applications for home purchases increased 2 percent last week, while applications for refinancings, which make up the biggest bulk of the index, jumped 8 percent. 


Overall, MBA’s mortgage application index increased 7 percent last week, reflecting both applications for purchase and refinancings. MBA’s index covers more than three-quarters of all mortgage applications in the country. 


MBA reported that the average rate on 30-year fixed-rate mortgages fell to 3.59 percent last week, its lowest point since December. 


Source: “U.S. Mortgage Applications Up 7% Last Week - MBA,” The Wall Street Journal (May 8, 2013)



eXp Realty
Carlos Higareda
719 Virginia Ave, Suite 101
Indianapolis, IN 46203
317-590-2901
317-881-3700

The source of the Licensed Listings is BLC® listing service. The Licensed Listings are confidential information of BLC® listing service. The BLC® listing information is provided by the Metropolitan Indianapolis Board of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2020 Metropolitan Indianapolis Board of REALTORS® All Rights Reserved. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
This site powered by CINC: www.cincpro.com